Miami-Dade Mayor Daniella Levine Cava and Miami HEAT statement on FTX Arena

Below is the county’s statement on FTX and the naming rights of the arena, attributable as a joint statement from Miami-Dade County Mayor Daniella Levine Cava and the Miami HEAT.

“The reports about FTX and its affiliates are extremely disappointing. Miami-Dade County and the Miami HEAT are immediately taking action to terminate our business relationships with FTX, and we will be working together to find a new naming rights partner for the arena. We are proud of the impact our Peace & Prosperity Plan — sponsored by County Commissioner Keon Hardemon and funded through the original deal — is already having in preventing violence and creating opportunity for young people across Miami-Dade, and we look forward to identifying a new partner to continue funding these important programs in the years ahead."